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both of these are seen as poison pills by democrats and reid and mcconnell have to come with their plan. >> we'll wait and see if there is a vote or not. >>> traders began the session with a wait and see approach to talks in washington but optimism faded quickly and stocks plunged after senate leaders suspended negotiations to see what house republicans would come up with. the losses were steep, swift and across the board with all ten ending lower. the dow fell 13 three points ending four consecutive days of gains and nasdaq down 21 and s&p slit 12. the treasury six month bills was not well-received with the prospect of a missed payment. look at that spike. >>> for more let's turn to roger, the chairman and ceo of ever core partners and served as deputy secretary of the clinton administration. roger, great to have you back on the program. >> hi, susie. >> let me ask you about the fich news. people are worried about a downgrade on the u.s. credit rating and there seems to be a whiff of it if that happens. how much damage does this do to the u.s. credit reputation and how serious is all t
both of these are seen as poison pills by democrats and reid and mcconnell have to come with their plan. >> we'll wait and see if there is a vote or not. >>> traders began the session with a wait and see approach to talks in washington but optimism faded quickly and stocks plunged after senate leaders suspended negotiations to see what house republicans would come up with. the losses were steep, swift and across the board with all ten ending lower. the dow fell 13 three points...
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Oct 14, 2013
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mitch mcconnell, leading republican is a vacuum cleaner for money in congress. the court that's come into play as appointed by one conservative president after another. is it wrong of me to be skeptical? >> i would say this is a movement. this is a group of people who decided they wanted to achieve a goal which is deregulation, and they have been working bit by bit, case by case in order to achieve that goal. now, in some senses that's what everybody does. if you think about the olden days, you know, the naacp litigated some cases to build the precedent that led to brown v. board of education. so jim bopp is doing that for a slightly different kind of purpose. but for the last ten years, he has been bringing case after case. and it used to be you'd read his legal arguments and you'd think, there's no way that could win. under current precedent that's plainly wrong. but what jim bopp has done is change what the precedent is. and now we are at a point we're seeing arguments and briefs for example that public finance is unconstitutional, that a variety of challenge
mitch mcconnell, leading republican is a vacuum cleaner for money in congress. the court that's come into play as appointed by one conservative president after another. is it wrong of me to be skeptical? >> i would say this is a movement. this is a group of people who decided they wanted to achieve a goal which is deregulation, and they have been working bit by bit, case by case in order to achieve that goal. now, in some senses that's what everybody does. if you think about the olden...
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Oct 14, 2013
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in senator mcconnell's office. republican senator bob corker says the focus now is finding a middle of the road solution. >> certainly republicans have been in a place that was not going to lead to success for you know, the last six weeks or so. democrats have been in a place over the last 4 hours that was not going to lead to success because they were overreaching and trying to undo settled law under the budget control act. and i think that thing are back in the middle of the road on the senate side. and i think there's an opportunity today to brick that to a conclusion and to begin moving something off the senate floor in a bipartisan way. >> let's bring in chief political analyst gloria borger. the key is to get something past the senate so it can go to the house. >> there's the question of what can get through the house. >> if it passes the senate with extensive bipartisan -- a lot of republicans are on board. that will put enormous pressure on baner to let it come up for a vote in the house into it will put pr
in senator mcconnell's office. republican senator bob corker says the focus now is finding a middle of the road solution. >> certainly republicans have been in a place that was not going to lead to success for you know, the last six weeks or so. democrats have been in a place over the last 4 hours that was not going to lead to success because they were overreaching and trying to undo settled law under the budget control act. and i think that thing are back in the middle of the road on the...
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also harry reid and minority leader mitch mcconnell. right now, the senate convenes, and these two huge players, mcconnell and reid, are expected to speak. we're watching very closely. we've been reporting this meeting, reid and mcconnell's office, the talking that's taking place, and what these two say could indicate the face of the country, really, at this point in time. fast-moving story. dana bash has been all over it. she's our chief congressional correspondent. i understand reid has been back in mcconnell's office. tell me, is this a good sign heading into this white house meeting in 60 minutes? >> it sure seems like a good sign. i just came to talk to you from standing outside of mcconnell's office which is kind of on the other side of the capitol, we expect both of them to leave there soon to speak publicly on the senate floor. but as reid was walking into mcconnell's office, ted barrett
also harry reid and minority leader mitch mcconnell. right now, the senate convenes, and these two huge players, mcconnell and reid, are expected to speak. we're watching very closely. we've been reporting this meeting, reid and mcconnell's office, the talking that's taking place, and what these two say could indicate the face of the country, really, at this point in time. fast-moving story. dana bash has been all over it. she's our chief congressional correspondent. i understand reid has been...
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Oct 12, 2013
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he said i'm representing senator mcconnell. later he asked if i would meet with him and senator schumer and senator mcconnell. i said yes. we met at 9:00. the conversations were extremely cordial, but very preliminary, of course. nothing conclusive but i hope our talking is some solace to the american people and the world. this hasn't happened until now. senator mcconnell asked to meet with me. i was happy to do that. this should be seen as something very positive. even though we don't have anything done yet, and a lot ways to go before anything like that will happen. and i say that's a relative term in minutes, hours, days, we're trying to figure out a way to go forward. susie collins is one of my favorite senators, democrat or republican. i appreciate her efforts, as always, to find a consensus, but the plan that she suggested that i've seen in writer is not going to go anyplace at this stage. there are two good things in it. i want to make sure that people here understand that we have some problems with a, as i explained to
he said i'm representing senator mcconnell. later he asked if i would meet with him and senator schumer and senator mcconnell. i said yes. we met at 9:00. the conversations were extremely cordial, but very preliminary, of course. nothing conclusive but i hope our talking is some solace to the american people and the world. this hasn't happened until now. senator mcconnell asked to meet with me. i was happy to do that. this should be seen as something very positive. even though we don't have...
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let's go back be to mitch mcconnell on the senate floor. he supports it. >> i'm not going back on this agreement. there's a lot more we need to do to get our nation's fiscal house in order. hopefully, once we've gotten past the drama of the moment, we can get to work on it. but for now, let's not understate the importance of the budget control act or the importance of the fight tompt preserve it. this legislation is the largest spending reduction bill of the laurt quarter century and the largest deficit reduction bill since 1981 that didn't include a tax hike. reserving this law is critically important to the future of our country. throughout this debate, the public has rightly focused on obama care. for good reason. this law sura salvaging our economy, killing jobs, driving up premiums, and driving people off the health care plans they have and like in droves. its disastrous rollout is a sign of even worse things to come and the refusal to delay it reflects a kind of stubborn ideological obsession that will do untold damage to our country.
let's go back be to mitch mcconnell on the senate floor. he supports it. >> i'm not going back on this agreement. there's a lot more we need to do to get our nation's fiscal house in order. hopefully, once we've gotten past the drama of the moment, we can get to work on it. but for now, let's not understate the importance of the budget control act or the importance of the fight tompt preserve it. this legislation is the largest spending reduction bill of the laurt quarter century and the...
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Oct 15, 2013
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>> mitch mcconnell stalled today. can you trust the guy? here all of a sudden boehner comes up with a proposal, and then mcconnell takes a step back from all of this when he was working so good with harry reid. is mcconnell still stalling in talks with reid? >> well, i don't know if he's stalling. i hope it's only a hiccup, it's only a bit of a delay when the clock is ticking on something so very, very important to our economic future and our reputation as a nation. i am still hopeful that mcconnell does the right thing here. i know he's faced with a difficult tea party primary in kentucky. we know what that makes politicians do sometimes, how fearful some can be. but i'm -- i believe that in the end mcconnell will do the right thing, work this out with reid, send it to the house. and it's up to john boehner to show some leadership. >> okay. so is it 50/50 on default, in your opinion? where are we? do you think boehner is going to move to protect the country's credit? nancy pelosi says she believes new legislation put forth by house republi
>> mitch mcconnell stalled today. can you trust the guy? here all of a sudden boehner comes up with a proposal, and then mcconnell takes a step back from all of this when he was working so good with harry reid. is mcconnell still stalling in talks with reid? >> well, i don't know if he's stalling. i hope it's only a hiccup, it's only a bit of a delay when the clock is ticking on something so very, very important to our economic future and our reputation as a nation. i am still...
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mitch mcconnell, a record number of filibusters, mitch mcconnell, who made it his number one goal to defeat president obama, all of a sudden is going to turn around and be the good guy to the liberal left and cut a deal and are we going to get the numbers we want? i don't think so. remember to answer tonight's question at the bottom of your screen, share your thoughts on twitter at ed show and on facebook. we appreciate that. coming up, glenn beck, and oscar the grouch have a lot in common. we'll tell you why. >>> plus, paul ryan's new war on women. love your tweets. keep them coming. we're back, social interaction. [ man ] on december 17, 1903, the wright brothers became the first in flight. [ goodall ] i think the most amazing thing is how like us these chimpanzees are. [ laughing ] [ woman ] can you hear me? and you hear your voice? oh, it's exciting! [ man ] touchdown confirmed. we're safe on mars. [ cheers and applause ] ♪ hi. [ baby fussing ] ♪ help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy company. i can t
mitch mcconnell, a record number of filibusters, mitch mcconnell, who made it his number one goal to defeat president obama, all of a sudden is going to turn around and be the good guy to the liberal left and cut a deal and are we going to get the numbers we want? i don't think so. remember to answer tonight's question at the bottom of your screen, share your thoughts on twitter at ed show and on facebook. we appreciate that. coming up, glenn beck, and oscar the grouch have a lot in common....
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you were there talking to mitch mcconnell on the republican side. where are we? >> well, bob, i'm cautiously hopeful, optimistic that we can come to an agreement and open up the government and avoid default based on the bipartisan meetings that are going on. >> schieffer: well, what's the sticking points? >> the good stuff is senator mcconnell and senator reid both understood the gravity of afault and mao we had to avoid it, and while i don't want to get into details, the frameworks they each had were not that far apart, a lot closer than, say, house republicans and the president. it's also very good that there are bipartisan groups meeting. i really respect what susan collins is doing. and that will-- that will help bring things about. so here's what i'd say-- with the president, with senate democrats, with senate republicans, there's a will. we now have to find a way. we know the house won't find that way. so the whole-- all of it rests on our shoulders. but finding that way is hard, but we're not out of the ballpark in any way. >> schieffer: what about undoing
you were there talking to mitch mcconnell on the republican side. where are we? >> well, bob, i'm cautiously hopeful, optimistic that we can come to an agreement and open up the government and avoid default based on the bipartisan meetings that are going on. >> schieffer: well, what's the sticking points? >> the good stuff is senator mcconnell and senator reid both understood the gravity of afault and mao we had to avoid it, and while i don't want to get into details, the...
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mitch mcconnell understands what it means to govern. he looked and said, yeah, i'm being challenged on my right and i'm running for re-election, but the country is at stake, and i'm in the leadership. boehner can't get it done. no one can get it done. i have to step in. >> he also took a long time. >> he hung back a very long time. >> there was a front page story on "the new york times" that said the republican party was losing the chance to retake the senate. mitch mcconnell's no dummy. he wants to be majority leader. this was really damaging the party's chances going into 2014. he made a calculation. he said, let's get this in the rearview mirror. >> start governing. >> but frank's right. to reward john boehner for standing tough as he drove the party's image into disarray is ridiculous, but that's where we are right now. >> luke, let me ask you about relations between the house republicans and senate republicans. if we saw anything in the last couple days, it was a schism within a schism, which is to say real tension between the lowe
mitch mcconnell understands what it means to govern. he looked and said, yeah, i'm being challenged on my right and i'm running for re-election, but the country is at stake, and i'm in the leadership. boehner can't get it done. no one can get it done. i have to step in. >> he also took a long time. >> he hung back a very long time. >> there was a front page story on "the new york times" that said the republican party was losing the chance to retake the senate. mitch...
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mcconnell and we're optimistic a deal can be reached. markets climbing all day. do 160-point turnaround. now a report that this meeting, this 3:00 p.m. meeting with the president and bipartisan congressional leaders will be delayed, now we're only up 28. 30-point turnaround on that. the market is literally hanging on every word, every report, every -- whatever comes out, that's why, folks, we're talking about it. >> john harwood is joining us from the white house. john, fill us in. we're hearing here the 3:00 p.m. meeting is being postponed so it gives a little more time for them to sort these things out. >> mandy, i think the delay in the 3:00 p.m. meeting is to give senator reid and mcconnell time to wrap up an agreement between them so that when they go to the white house meeting with the president, nancy pelosi, john boehner, from the house, they can have something to describe and i just talked to a leadership aide who gave me a sense of what that perspective deal, though it's not completely done, may look like. it would be an extens
mcconnell and we're optimistic a deal can be reached. markets climbing all day. do 160-point turnaround. now a report that this meeting, this 3:00 p.m. meeting with the president and bipartisan congressional leaders will be delayed, now we're only up 28. 30-point turnaround on that. the market is literally hanging on every word, every report, every -- whatever comes out, that's why, folks, we're talking about it. >> john harwood is joining us from the white house. john, fill us in. we're...
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senator mcconnell agrees that the limit does not exact scrutiny. senator mcconnell believes that all restriction of the nature should be reviewed under strict scrutiny. to begin with, this is a severe restriction on political speech. >> i would like you to address this question about the restrictions on speech. it has been argued that these limits promote expression, promote democratic participation. what they require the candidates to do is instead of concentrating fundraising on the super affluent, the candidate would then have to try to raise money in the lek trait. so that by having these limits you are promoting democratic participation and the little people will count. and you won't have a super affluent as the speakers that will -- elections. >> i disagree with that for this reason. first of all, this limit -- thinging a gray gait limit places like-minded political parties in the position of competing against each other rather than collaborating. all the national political parties on the republican side compete for an artificially limited po
senator mcconnell agrees that the limit does not exact scrutiny. senator mcconnell believes that all restriction of the nature should be reviewed under strict scrutiny. to begin with, this is a severe restriction on political speech. >> i would like you to address this question about the restrictions on speech. it has been argued that these limits promote expression, promote democratic participation. what they require the candidates to do is instead of concentrating fundraising on the...
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it says cruz and palin didn't help boehner and mcconnell. is ted cruz staying in the way of the deal. >> i think he's marginalized within the senate republican conference right now. most of those members actually do want to get to some sort of resolution. they see the polls, they know how bad this is, they want to get a way out. but the problem for the senate republicans is that no matter what they may agree to with harry reid, there's no guarantee what will happen in the house, that could end up blowing up any sort of deal at the end of the deal. >> manu, is it an overreach pie the democrats right now, as some of the republicans are saying? >> i think it's certainly a risk for the democrats, particularly if they don't look like they're giving in at all. and that's kind of the -- what senator mcconnell was alluding to yesterday when he put out a statement attacking democratic leaders on this issue. but, still, democrats, there's the sense that republicans' backs are against the wall. they're not really willing to give them a whole lot and re
it says cruz and palin didn't help boehner and mcconnell. is ted cruz staying in the way of the deal. >> i think he's marginalized within the senate republican conference right now. most of those members actually do want to get to some sort of resolution. they see the polls, they know how bad this is, they want to get a way out. but the problem for the senate republicans is that no matter what they may agree to with harry reid, there's no guarantee what will happen in the house, that...
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we are hearing harry reid and mitch mcconnell do have a deal. senate leaders hope to have some sort of announcement before we hit the road eastern time. part of this deal would reopen the government through january january 15. a lot can happen. we will keep you up to the minute on all of this. there is much more in store as well including a nice stock market rallied on this hour of "markets now". here we go. dagen: here we go. a triple digit loss yesterday. digit loss yesterday but all over the place, wild swings based on what washington wasn't was not getting done and now is getting done. connell: or may get done. tonight but now in a rally. nicole petallides at stock exchange talking about what? nicole: talking about washington, john boehner, lawmakers getting closer, you start to see the markets take off in a positive way. the sectors have up arrows whether it is drugs or banks or technology, nasdaq composite up 1%, the dow up 3% so you are seeing a great run end news across the board. bold is pulling back and the vix, the fear index is to th
we are hearing harry reid and mitch mcconnell do have a deal. senate leaders hope to have some sort of announcement before we hit the road eastern time. part of this deal would reopen the government through january january 15. a lot can happen. we will keep you up to the minute on all of this. there is much more in store as well including a nice stock market rallied on this hour of "markets now". here we go. dagen: here we go. a triple digit loss yesterday. digit loss yesterday but...
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he's got an enemy in mitch mcconnell. mitch mcconnell has a tea party opponent. and he's a pretty smart guy. if he decides he wants to make life miserable for ted cruz, he k but on the other hand, he's not there to legislate, he's not there to be a member of the club. he gets his power from his martyrdom. >> so well said. i tell you, almost every demagogue has used righteous indignation as their plea. i've been screwed. they weren't strong like i am. righteous indignation. he's got that hurt, evangelical look in his face. >> he said we could have won this fight if if hadn't been for all those wimps in the senate, that the house stood strong. and so, as howard said, he is unbowed here. the good news is, is that for everybody else, other than ted cruz, every other republican who went along, was pushed along, there is no reward for this carjacking. there is only pain. at the end of the day, the republican brand is at an all-time low. the internal tensions, the civil war within the republican party has not been resolved. i think it's been exacerbated and will continu
he's got an enemy in mitch mcconnell. mitch mcconnell has a tea party opponent. and he's a pretty smart guy. if he decides he wants to make life miserable for ted cruz, he k but on the other hand, he's not there to legislate, he's not there to be a member of the club. he gets his power from his martyrdom. >> so well said. i tell you, almost every demagogue has used righteous indignation as their plea. i've been screwed. they weren't strong like i am. righteous indignation. he's got that...
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harry reid and mitch mcconnell meeting today, and some progress there. of course, what the house thinks of whatever they come up with is a whole other thing. >> at 3:00 p.m., there's a meeting at the white house in the oval office which we'll be covering for you with that -- that involves the bipartisan congressal leadership. average investors, that's you and me. >> you're not average. >> if if the partial government shutdown and economic gridlock in washington is making you nervous, hold on. >> uh-huh. as one leading money manager put it, don't do anything rash, not yet. >> that's good advice for anything in life. christine romans reports. >> one day a selloff, the next day a rally is enough to make the average investor swear off stocks and bonds and hide their nest egg in the mattress. the memories are still fresh from the crashable in 2008, stocks down 50%. fast forward to today. and the washington wrangling is bringing up nightmarish scenarios that conjure up the same fierce. money managers say increase the cash portion of your portfolio from 10% to
harry reid and mitch mcconnell meeting today, and some progress there. of course, what the house thinks of whatever they come up with is a whole other thing. >> at 3:00 p.m., there's a meeting at the white house in the oval office which we'll be covering for you with that -- that involves the bipartisan congressal leadership. average investors, that's you and me. >> you're not average. >> if if the partial government shutdown and economic gridlock in washington is making you...
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harry reid and mitch mcconnell may be talking again later today. reid said that to some extent on the senate floor just a little while ago, about you at this point there really is no -- any prospect at this point for any kind of deal. just isn't at that stage just yet, miguel. >> tensions, passions, stakes all very high in washington. jim acosta, thank you very much. >> you bet. >>> in india, 14 people are dead after a powerful cyclone hit the country's east coast. tropical cyclone phailin made landfall with the force equivalent to a category 4 hurricane. nearly 1 million people had been evacuated ahead of the storm. >>> we will be back at the top of the hour with more. we'll rejoin "fareed zakaria gps" now. >>> the government shutdown and default debate have caused everybody stress, from the retired teacher with a pension to america's biggest corporations, all worried, all more cautious with their spending and investment. and that's one of the tragedies of these past two weeks because before then the american economy was really showing impressive
harry reid and mitch mcconnell may be talking again later today. reid said that to some extent on the senate floor just a little while ago, about you at this point there really is no -- any prospect at this point for any kind of deal. just isn't at that stage just yet, miguel. >> tensions, passions, stakes all very high in washington. jim acosta, thank you very much. >> you bet. >>> in india, 14 people are dead after a powerful cyclone hit the country's east coast. tropical...
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across the aisle, it's interesting to watch mitch mcconnell. for weeks it's whether congress can reach a budget deal and senate republican deal mcconnell. he decided to play the lead role. they can focus on john boehner and whether he can broker a deal and in reality his career is on the line this a way boehner does not. he is facing a critical challenge from the right and greater general election challenge down the road as he gets through the primary. he is trying to make deals and making a fight against the secretary of state. mcconnell hauled in $2.3 million. in the same time period, 2.throw million. aside from connell being paralyzed, he signals he is ready to deal on the floor earlier this week. >> let me go over the remarks. we had a good day. i had a good day yesterday and another good day today. i think it's safe to say we faced substantial progress and we look forward to making more progress in the near future. >> nothing is done yet, but if the deal gets done, connell is starting on the right, but it's rare. we haven't seen many profi
across the aisle, it's interesting to watch mitch mcconnell. for weeks it's whether congress can reach a budget deal and senate republican deal mcconnell. he decided to play the lead role. they can focus on john boehner and whether he can broker a deal and in reality his career is on the line this a way boehner does not. he is facing a critical challenge from the right and greater general election challenge down the road as he gets through the primary. he is trying to make deals and making a...
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>> was senator mcconnell as optimistic? >> he issued a statement today challenging democrats to accept a measure that's now on the table in the senate. the statement said in part there is a bipartisan plan in place that would reopen the government and prevent a default. it's time for democratic leaders to take yes for an answer. six senate democrats shot back a reply fairly quickly, also on paper, saying, we do not support the proposal in its current form. there are negotiations, but there is no agreement. meantime, one gop lawmaker today complained about democrats in the senate and urged his fellow republicans in the house to take action. >> our democratic friends keep moving the goalpost in the senate thinking they're winning, but my belief is that paul ryan should lead this effort with john boehner to pass something out of the house that doesn't delay or defund but would be good government. >> and the president spoke by phone with house minority leader nancy pelosi today. those two agreed on the need to reopen the govern
>> was senator mcconnell as optimistic? >> he issued a statement today challenging democrats to accept a measure that's now on the table in the senate. the statement said in part there is a bipartisan plan in place that would reopen the government and prevent a default. it's time for democratic leaders to take yes for an answer. six senate democrats shot back a reply fairly quickly, also on paper, saying, we do not support the proposal in its current form. there are negotiations,...
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however, the weight, ryan, seems to be falling on reid and mitch mcconnell. but the personal dysfunction of their relationship, is that really a linchpin? they know that the country is resting on their professionalism. >> i think they'll be able to put that aside. you know, you have to think about how remarkable it is that we're in a place where we say, oh, the united states senate is taking a look at this. we're probably going to be okay. you know, that's how -- that's how dysfunctional we have gotten, that we actually look to the senate to save us. but every deal that has been struck in the last several years has gone through this exact same pattern. the house pretends like it's going to come to something, things blow up with the white house and then they rely on the senate to bail them up and then they jam it through the house. >> corey, are democrats kind of pickling themselves a little too much in the joy of all of this because of the republicans getting so much blame and now they seem willing to take more advantage of it than finding a solution? >> yeah
however, the weight, ryan, seems to be falling on reid and mitch mcconnell. but the personal dysfunction of their relationship, is that really a linchpin? they know that the country is resting on their professionalism. >> i think they'll be able to put that aside. you know, you have to think about how remarkable it is that we're in a place where we say, oh, the united states senate is taking a look at this. we're probably going to be okay. you know, that's how -- that's how dysfunctional...
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mcconnell all for it. perfect? no. but cruz? will have nothing of it. you can see the clock there, 12:22 daylight eastern daylight time when the senate's top republican was competing for air time with the junior first term from texas it. and really different ideas about the whole shebang. >> the relief we hope for is to reopen the government, avoid default, and protect the historic cuts we achieved under the budget control act. this is far less than many of us have hoped for, frankly. but it's far better than what some had sought. >> unfortunately, once again, it appears the washington establishment is refusing to listen to the american people. the deal that has been cut provides no relief to the millions of americans who are hurting because of obama care. >> still, senator cruz says that he will not stand in the way of a full senate vote. right now, 3:00 in the east, republicans in the house are meeting now to discuss the deal in the senate. we're waiting to hear their take on all of this. meantime, wall street appears to be loving it. the dow jones in
mcconnell all for it. perfect? no. but cruz? will have nothing of it. you can see the clock there, 12:22 daylight eastern daylight time when the senate's top republican was competing for air time with the junior first term from texas it. and really different ideas about the whole shebang. >> the relief we hope for is to reopen the government, avoid default, and protect the historic cuts we achieved under the budget control act. this is far less than many of us have hoped for, frankly. but...
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Oct 13, 2013
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he said, i am representing senator mcconnell. later in the evening he asked if i would meet with him and senator schumer and senator mcconnell. i said yes. we met at 9:00 this morning. were extremelyns cordial but very preliminary. nothing conclusive. talking isthat are some solace to the american people and the world. this has not happened until now. senator mcconnell asked to meet with me. i was happy to do that. this should be seen as something very positive. even though we do not have anything done yet and a long way to go before that will happen. that is a relative term. minutes, hours, days, we are trying to find a way to go further. susan collins is one of my favorite senators, democrat or republican. i appreciate her efforts to find a consensus. the plan that she suggested and -- that i have seen in writing is not going at this stage. things in it.good number one, it opens the government. number two, it extends the debt ceiling. other than that there is little agreement with us. i want to make sure people here understand
he said, i am representing senator mcconnell. later in the evening he asked if i would meet with him and senator schumer and senator mcconnell. i said yes. we met at 9:00 this morning. were extremelyns cordial but very preliminary. nothing conclusive. talking isthat are some solace to the american people and the world. this has not happened until now. senator mcconnell asked to meet with me. i was happy to do that. this should be seen as something very positive. even though we do not have...
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Oct 16, 2013
10/13
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mcconnell: madam president? the presiding officer: the republican leader. mr. mcconnell: this has been a long, challenging few weeks for congress and for the country. it's my hope that today we can put some of those most urgent issues behind us. after yesterday's events the majority leader and i began a series of conversations about a way to get the government reopened and to prevent default. i'm confident we'll be able to do both those things later today. crucially, i'm also confident that we'll be able to announce we're broking the government spending reductions that both parties agreed to under the budget control act. and that the president signed into law. that's been a top priority for me and for my colleagues on the republican side of the aisle throughout this debate. and it's been worth the effort. some have suggested that we break that promise as part of this agreement, some have wade washington needs to spend more, that we need to raise taxes, that we need to just tax our way to prosperity and balance. but what the b.c.a. showed is that washington actu
mcconnell: madam president? the presiding officer: the republican leader. mr. mcconnell: this has been a long, challenging few weeks for congress and for the country. it's my hope that today we can put some of those most urgent issues behind us. after yesterday's events the majority leader and i began a series of conversations about a way to get the government reopened and to prevent default. i'm confident we'll be able to do both those things later today. crucially, i'm also confident that...
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Oct 15, 2013
10/13
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adding mcconnell has absolutely been providing boehner with updates. a difficult primary and general election ahead of him, mcconnell isn't looking to be held a bag conservatives oppose again. how does this morning change that? here it seems like conservatives are opposing the bag mcconnell was trying to check at the house of representatives. >> if you look, he's canceled his meeting with his members of the senate side to brief them on this deal. this could have a big impact on what's going on over there. if boehner is unable to move his own piece of legislation, even beyond this idea of putting staff in. once conservatives figure out the sum total of three years of tea party -- obama care, you give a subsidy to medical device manufacturers, i don't think the bill can get enough votes on the republican side even if you don't add in this language e if he can't do it over there, i think it hurts mcconnell's ability to move any deal he's working on. the two deals were very, very similar. >> as we've been talking about all week fundamentally, glen, shows t
adding mcconnell has absolutely been providing boehner with updates. a difficult primary and general election ahead of him, mcconnell isn't looking to be held a bag conservatives oppose again. how does this morning change that? here it seems like conservatives are opposing the bag mcconnell was trying to check at the house of representatives. >> if you look, he's canceled his meeting with his members of the senate side to brief them on this deal. this could have a big impact on what's...
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Oct 15, 2013
10/13
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now we're seeing this with reid and mcconnell. despite what many described as a bitter and distant relationship, i want your thoughts on the relationship and do you think it will be up to these two in terms of coming down with what can pull us out of this mess? >> abby, it's all well and good to see harry reid and mitch mcconnell as much as they dislike each other to work out a deal in the senate. that doesn't count in the house. as a matter of fact, every time the tea party people see mitch mcconnell going into a room with harry reid, it stiffens the tea party's resolve to oppose it. don't forget mitch mcconnell has a tea party challenger down in kentucky. don't forget ted cruz who doesn't view himself as bound by one chamber of the congress, let alone the whole country, is busy making trouble with the house republicans, meeting with them in a restaurant telling them to resist. and that's the situation we're in right now. and we don't have much time to do much about it. >> not a lot of optimism. >> depressed me thoroughly, howard
now we're seeing this with reid and mcconnell. despite what many described as a bitter and distant relationship, i want your thoughts on the relationship and do you think it will be up to these two in terms of coming down with what can pull us out of this mess? >> abby, it's all well and good to see harry reid and mitch mcconnell as much as they dislike each other to work out a deal in the senate. that doesn't count in the house. as a matter of fact, every time the tea party people see...
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Oct 16, 2013
10/13
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CNN
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the big question is, assuming that mcconnell and reid are able to come up with a bill that extends the government, opens the government until january, extends the debt ceiling until february and has that income verification, will john boehner bring it up tomorrow? >> i believe that john boehner will likely be in a position where he will have to essentially pass the bill that is negotiated between senators mcconnell and reid. and i believe the house would first pass it then send it to the senate. >> they wouldn't even wait for the senate to take it up and send it to them? >> for a whole host of product procedural reasons it would be quicker to do it this way. load it up with the agreement just described and then send it back to the senate. and the senate then would vote on >> it one of the big sticking points on this, you've been saying for a long time you wanted to pass a clean government spending bill. one of the big sticking points is, would john boehner bring up a bill that does not enjoy the support of the majority of the republican party? how many republicans, there are 217 republ
the big question is, assuming that mcconnell and reid are able to come up with a bill that extends the government, opens the government until january, extends the debt ceiling until february and has that income verification, will john boehner bring it up tomorrow? >> i believe that john boehner will likely be in a position where he will have to essentially pass the bill that is negotiated between senators mcconnell and reid. and i believe the house would first pass it then send it to the...
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Oct 16, 2013
10/13
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tonight harry reid and mitch mcconnell are trying to hammer out a bipartisan deal to end the government shutdown and keep the government from blowing past the debt ceiling and defaulting on their national bills. senators reed and mcconnell announced yesterday that they were close to agreement and then the whole thing fell apart in a giant clattering mess. it's been kind of like the movie groundhog day only a little scarier and a lot stranger. and our story begins here, the speaker of the house, there's no need to adjust your set because this is supposed to be a photo of jim demint. he resigned from the senate back in january and he last served in the senate eight years ago. he might as well based on what happened today the guy who controls the united states house of representatives. john boehner gets to hold the gavel so he controls that but not much more. jim demint no longer holds any office in this country anymore. he now runs a conservative think tank, even though he's no longer in congress, jim demint might as well be the speaker of the house. today we entered day 15 of the governm
tonight harry reid and mitch mcconnell are trying to hammer out a bipartisan deal to end the government shutdown and keep the government from blowing past the debt ceiling and defaulting on their national bills. senators reed and mcconnell announced yesterday that they were close to agreement and then the whole thing fell apart in a giant clattering mess. it's been kind of like the movie groundhog day only a little scarier and a lot stranger. and our story begins here, the speaker of the house,...
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Oct 13, 2013
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does mcconnell have to actually hammer out a deal here? >> not so much. the only argument i'm hearing from senate republicans. they're going to democrats to chuck schumer and harry reid and saying, look, maybe if you push us too hard on sequester, push us too hard on bca levels, only get four or five republicans, that's not going to be helpful to you once you send this volley back to the house. you really should be looking harry reid and chuck schumer for seven to 15 republicans, don't touch the bca levels, if you don't touch those levels, maybe we'll have a lot of people come along and that will put real pressure on boehner to take up the senate's bill. so it is really an argument not only about not touching the bca levels, but about avoiding default, to make boehner pass something by getting some republican support in the senate. >> and that's the other piece of it, so the strategy that seems to be taking shape here, the pathway that seems to be taking shape here, the deal comes together in the senate and like you say, the house is force
does mcconnell have to actually hammer out a deal here? >> not so much. the only argument i'm hearing from senate republicans. they're going to democrats to chuck schumer and harry reid and saying, look, maybe if you push us too hard on sequester, push us too hard on bca levels, only get four or five republicans, that's not going to be helpful to you once you send this volley back to the house. you really should be looking harry reid and chuck schumer for seven to 15 republicans, don't...
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in mitch mcconnell's dream america candidates who receive big contributions from the show and from the show the nails and types would have a built in incentive an even bigger one than they have now under the citizens united system to push for policies that benefit their donors and when this happens the issues that affect average americans the people who can't afford to spend tens of millions of dollars on one candidate those issues are going to be ignored. things wouldn't be much different if the court takes the less extreme approach to campaign bribery proposed by shawn mccutcheon and the r n c unlimited total donations if the court allows that wealthy donors could launder up to three point six million dollars through political parties and committees basically turning their candidates into personal property of the billionaires. when candidates are the property of the wealthy few and do only their bidding our nation stops being a democracy or a republic and starts to become something else a political system ultimately controlled by those at the very top. ancient greeks had a word for t
in mitch mcconnell's dream america candidates who receive big contributions from the show and from the show the nails and types would have a built in incentive an even bigger one than they have now under the citizens united system to push for policies that benefit their donors and when this happens the issues that affect average americans the people who can't afford to spend tens of millions of dollars on one candidate those issues are going to be ignored. things wouldn't be much different if...
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Oct 14, 2013
10/13
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mcconnell said they were still working and were hopeful. and of course they meet with the president in about 45 minutes. that was when the market turned positive. right now though the stock market is off its highs for the day, they still are showing a pretty nice gains there, up about 50 points on the dow and half dozen points or so, 4.5 points on the s&p 500. of course, worth noting, craig, today is that the bond market is closed for the national columbus day holiday. that would give us another window and the bond market maybe even more central and critical to this whole debate because it's all about u.s. treasury borrowings this debate basic which is all about that. we have another window if bonds were open today but they are not. >> tyler mathisen, thank you. we're following developing news in arizona, protesters frustrated with the record number of deportations and threatening a repeat of friday, when activists chained themselves to buses to stop undocumented immigrants from being deported. as we await the meeting between the president
mcconnell said they were still working and were hopeful. and of course they meet with the president in about 45 minutes. that was when the market turned positive. right now though the stock market is off its highs for the day, they still are showing a pretty nice gains there, up about 50 points on the dow and half dozen points or so, 4.5 points on the s&p 500. of course, worth noting, craig, today is that the bond market is closed for the national columbus day holiday. that would give us...